NZ fund manager sells major Adelaide industrial investment
Silverfin Capital has sold a major Port Adelaide industrial investment after nearly four years.
The New Zealand based asset manager ends in the black following the disposal of 13-43 Webb Road, for $25 million.
It paid Quintessential $17.6m in November, 2021.
InfraBuild, formerly Liberty OneSteel, is on a lease expiring in 2030.
On 4.4 hectares, the property contains 15,520 square metres of improvements.
Quintessential outlaid $10m in 2013 then upgraded and locked in the tenant which, with options, can stay until after 2040.
McGees represented Silverfin.
The deal comes two weeks since we reported Renewal SA banked $19.6m from an eight hectare development site in then suburb, 14 kilometres north west of Adelaide’s CBD.
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